2 Bed Flat, Single Let, Enfield, EN3 4SN, £249,950

Scotland Green Road, Enfield, EN3 4SN - 5 months ago

Sold STC

Leasehold

BTL

ROI: 6%

~58 m²

+8 photos

ValuationUndervalued

Sold Prices	£185K - £315K
Sold Prices/m²	£4K/m² - £7.3K/m²

Square Metres	~58.16 m²
Price/m²	£4.3K/m²
Value Estimate	£297,166£297,166
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,488£62,488
Stamp Duty & Legal Fees	£13,698£13,698
Total Cash In	£76,185£76,185

Cash Out
Rent Range	£1,500 - £2,200£1,500 - £2,200
Rent Estimate	£1,500
Running Costs/mo	£1,101£1,101
Cashflow/mo	£399£399
Cashflow/yr	£4,787£4,787
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

21 sold prices from £185K to £315K, average is £277K. £4K/m² to £7.3K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	04/21	0.28 mi	87b, High Street, Enfield, Greater London EN3 4EE	£5,263	57	2	Flat
£277K	11/20	0.31 mi	21, Kennedy Avenue, Enfield, Greater London EN3 4PA	£4,946	56	2	Flat
£255K	05/21	0.36 mi	7, Rossmore Close, Enfield, Greater London EN3 7EW	£4,322	59	2	Flat
£280K	09/21	0.39 mi	49, Sandhurst Road, London, Greater London N9 8BA	£4,667	60	2	Flat
£315K	06/21	0.39 mi	99, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	10/23	0.39 mi	57, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£274.5K	06/21	0.4 mi	84, Sandhurst Road, London, Greater London N9 8BJ	-	-	2	Flat
£285K	02/23	0.4 mi	80, Sandhurst Road, London, Greater London N9 8BJ	£5,089	56	2	Flat
£277K	03/21	0.4 mi	70, Sandhurst Road, London, Greater London N9 8BJ	£5,130	54	2	Flat
£277K	05/21	0.4 mi	36, Sandhurst Road, London, Greater London N9 8BJ	£5,653	49	2	Flat
£265K	10/22	0.72 mi	Flat 18, Feldspar Court, Enstone Road, Enfield, Greater London EN3 7WR	-	-	2	Flat
£292.5K	05/21	0.89 mi	68, Green Street, Enfield, Greater London EN3 7HP	-	-	2	Flat
£248K	06/21	0.9 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£260K	06/21	0.9 mi	Flat 7, Constable House, Ayley Croft, Enfield, Greater London EN1 1XX	-	-	2	Flat
£285K	11/22	0.91 mi	51, Osborne Road, Enfield, Greater London EN3 7RW	£5,278	54	2	Flat
£300K	02/21	0.92 mi	First Floor Maisonette, 281, Great Cambridge Road, Enfield, Greater London EN1 1SQ	-	-	2	Flat
£260K	02/21	0.95 mi	9, Cuba Drive, Enfield, Greater London EN3 5BB	£4,561	57	2	Flat
£290K	10/22	0.97 mi	79, Glenloch Road, Enfield, Greater London EN3 7HL	£7,250	40	2	Flat
£260K	02/21	0.97 mi	44, Glenloch Road, Enfield, Greater London EN3 7HN	-	-	2	Flat
£185K	08/23	0.97 mi	42, Glenloch Road, Enfield, Greater London EN3 7HN	-	-	2	Flat
£280K	09/21	0.99 mi	50, Westmoor Road, Enfield, Greater London EN3 7LF	£6,087	46	2	Flat

Local Rents

21 rents from £1.5K/mo to £2.2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,875	03/24	0.07 mi	-	2	Flat
£1,850	03/24	0.12 mi	2 Bed, 3rd Floor Zinc at Cape Court in Elements	2	Flat
£1,820	03/25	0.14 mi	-	2	Terraced House
£2,000	03/25	0.19 mi	-	2	Terraced House
£1,800	05/24	0.24 mi	-	2	Terraced House
£1,800	04/24	0.24 mi	Nags Head Road, Enfield, EN3	2	Terraced House
£1,500	03/24	0.28 mi	Scotland Green Road North, Enfield, Middlesex, EN3	2	Flat
£1,525	03/24	0.29 mi	-	2	Flat
£2,200	05/24	0.3 mi	2 bed, Ground Floor Organdie at Quail Court in Elements	2	Flat
£1,880	05/24	0.3 mi	1 bed, Fourth Floor Titanium at Quail Court in Elements	2	Flat
£1,800	12/24	0.35 mi	-	2	Flat
£1,650	04/24	0.37 mi	Rossmore Close, Enfield, EN3	2	Flat
£1,800	04/24	0.38 mi	Clarence Road, Enfield, EN3	2	Flat
£1,750	05/24	0.39 mi	-	2	Flat
£1,600	02/24	0.39 mi	-	2	Flat
£1,650	04/24	0.4 mi	Durants Road, Enfield, EN3	2	Flat
£1,925	05/24	0.4 mi	Duck Lees Lane, Enfield	2	Flat
£1,800	07/24	0.4 mi	Sandhurst Road, Edmonton, N9	2	Flat
£1,500	05/24	0.4 mi	Sandhurst Road, London	2	Flat
£1,600	03/24	0.5 mi	Derby Road, London, EN3	2	Flat
£1,675	05/24	0.59 mi	-	2	Flat

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	2.46 miles away2.46 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.27 miles away0.27 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £249,950

November 13, 2024

Floor Plans

Description

A two bedroom 2nd floor purpose built flat +
Offered Chain free +
1/4 mile of Ponders End BR station +
95 year lease +
Double Glazing +

A two bedroom second floor larger than average purpose built flat, situated within 1/4 of a mile of Ponders End BR Station and local shops. The property has features to include, Double glazing, 95 year lease and is offered for sale on a chain free basis.